Deutsche Bank AG Has $546.55 Million Holdings in Shopify Inc. $SHOP

Deutsche Bank AG grew its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 8.9% in the 4th quarter, HoldingsChannel reports. The fund owned 3,395,345 shares of the software maker’s stock after purchasing an additional 276,957 shares during the quarter. Deutsche Bank AG’s holdings in Shopify were worth $546,549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Allianz Asset Management GmbH lifted its position in Shopify by 30.9% during the fourth quarter. Allianz Asset Management GmbH now owns 431,881 shares of the software maker’s stock worth $69,629,000 after acquiring an additional 102,053 shares during the last quarter. Motley Fool Wealth Management LLC lifted its position in Shopify by 11.6% during the fourth quarter. Motley Fool Wealth Management LLC now owns 2,165 shares of the software maker’s stock worth $349,000 after acquiring an additional 225 shares during the last quarter. Axiom Investors LLC DE lifted its position in Shopify by 7.5% during the fourth quarter. Axiom Investors LLC DE now owns 1,098,515 shares of the software maker’s stock worth $176,828,000 after acquiring an additional 76,574 shares during the last quarter. X Square Capital LLC lifted its position in Shopify by 1.7% during the fourth quarter. X Square Capital LLC now owns 9,904 shares of the software maker’s stock worth $1,594,000 after acquiring an additional 161 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in Shopify by 9.2% during the fourth quarter. Cerity Partners LLC now owns 127,200 shares of the software maker’s stock worth $20,475,000 after acquiring an additional 10,736 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify is being cited as a contributor to the strong performance of the iShares North American Tech ETF, suggesting the stock remains an important driver of sector-level gains and a notable holding for growth-oriented investors. This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
• Positive Sentiment: Shopify was included among the best Canadian stocks favored by billionaires, reinforcing investor confidence in the company’s long-term growth story and institutional appeal. 5 Best Canadian Stocks to Invest In According to Billionaires
• Positive Sentiment: Shopify continues to gain attention for execution in AI, payments, and enterprise tools, with analysts arguing that strong business momentum could support further growth if it keeps delivering. Can Shopify’s Strong Execution Outweigh Valuation Concerns in H2 2026?
• Neutral Sentiment: Shopify-related partnership and migration articles, including TOMS and Posterazzi moving operations onto Shopify, add to the platform narrative but are unlikely to move the stock much on their own. Enabling Shopify at Scale: How TOMS Streamlined Operations with Deck Commerce Optimum7 Replatforms Posterazzi from BigCommerce to Shopify with Preview Engine
• Negative Sentiment: Some investors are questioning whether Shopify’s valuation has become stretched, with commentary noting a high forward price-to-sales multiple and limited room for disappointment if growth slows. Is It Time To Reassess Shopify (SHOP) After Sidekick And DHL Partnership Hopes? Can Shopify’s Strong Execution Outweigh Valuation Concerns in H2 2026?
• Negative Sentiment: Shopify was also mentioned in connection with a broader software sector sell-off, which may be adding short-term pressure to the shares even without company-specific negative news. Shopify (SHOP) Fell With Software Sell Off

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SHOP. Piper Sandler restated an “overweight” rating and set a $150.00 price objective (down from $165.00) on shares of Shopify in a research report on Tuesday, May 5th. TD Cowen upgraded shares of Shopify from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a research report on Wednesday, February 11th. National Bank Financial dropped their price target on shares of Shopify from $200.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $175.00 price target on shares of Shopify in a research report on Thursday, February 12th. Finally, TD Securities upgraded shares of Shopify from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a research report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.17.

Shopify Price Performance

Shares of NASDAQ:SHOP opened at $108.20 on Thursday. The company’s 50 day simple moving average is $114.36 and its 200 day simple moving average is $132.04. The stock has a market capitalization of $140.41 billion, a price-to-earnings ratio of 107.13, a price-to-earnings-growth ratio of 3.10 and a beta of 2.60. Shopify Inc. has a 1 year low of $94.00 and a 1 year high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings data on Tuesday, May 5th. The software maker reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $998.78. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Shopify had a net margin of 10.77% and a return on equity of 12.07%. As a group, analysts anticipate that Shopify Inc. will post 1.36 EPS for the current fiscal year.

Shopify Profile

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.